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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: frank/fla. who wrote (13812)	7/23/1998 4:49:00 PM
From: Tech Watcher	Read Replies (1) \| Respond to of 25814

A couple favorable points... The fact that earnings met expectations instead of being even one penny shy is huge. With stock price down, there isn't any incentive to beat the number - just meeting it was sufficient. I hope this means a crafty CFO is "hiding" a penny or two on the books for next quarter should it be needed. Two great items in the report: 1) Flat 3Q and improved 4Q sounds much more upbeat than what we have been hearing from most companies who are predicting flat to down 3Q and 4Q with improvement not coming until 99. 2) Report shows Accounts Receivable and Inventories near March 98 levels. Watch out for some companies rising accounts receivable as they have to "give away" product to make earnings. Next 3 to 9 months should prove to be very good to LSI longs! - Tech Watcher